Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme

2024-5-19 02:24

Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – in a crypto and foreign exchange investment scheme.

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fraud million → Результатов: 126


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Op Ed: A Summary of

In the latest on the ongoing legal dispute between the New York Attorney General (NYAG), cryptocurrency exchange Bitfinex and stablecoin issuer Tether, the New York Supreme Court has modified an April 24, 2019, preliminary injunction and now Bitfinex is allowed to continue using the Tether reserves that were loaned to it to maintain its ordinary course of business, such as paying employees and consultants.

2019-5-18 22:14


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Tether and Bitfinex Ask New York Attorney General for Fund Accessibility

Attorneys for Tether and Bitfinex are hoping to get the former access to its reserves amid a legal dispute with New York Office of the Attorney General (NYOAG). In a letter sent to the New York County Supreme Court, attorneys representing iFinex (the parent organization of Bitfinex) and Tether took issue with the restrictions that had been placed on Tether's transactions with related parties as part of an ongoing case against them, stating that the NYOAG had no basis for disallowing tether (USDT) holders and other affiliated entities from redeeming their tokens.

2019-5-16 18:51


Buffett’s Berkshire Scammed Out of Staggering $340 Million by Solar Ponzi Fraud

By CCN: Berkshire Hathaway, the multinational corporation led by billionaire Warren Buffett, posted a $377 million first-quarter charge for investment losses related to a solar Ponzi scheme. Berkshire invested $340 million in Ponzi scheme Berkshire made the disturbing revelations in a regulatory filing during its annual shareholders meeting last weekend.

2019-5-9 18:16


Your Crypto Winter = Criminals’ Summer: Q1 2019 Crypto Thefts, Fraud Hit Whopping $1.2 Billion

By CCN. com: Even as the bearish conditions in the crypto markets persisted in this year’s first quarter, bad actors in the sector continued to thrive. According to cybersecurity firm CipherTrace, during the first quarter of the year, the amount that bad actors generated from stealing from bitcoin exchanges and operating cryptocurrrency scams reached $1.

2019-5-1 15:13


Bitfinex-Tether fiasco: Bitfinex could be receiving financial back-up while users flee scene

The Bitfinex and Tether lawsuit by the New York State Attorney General has put the companies in a tight spot and if the suit proceeds in favor of the AG, then the long speculated secrets about Tether and the alleged “fraud” of Bitfinex in covering up $851 million in losses might be out in the […] The post Bitfinex-Tether fiasco: Bitfinex could be receiving financial back-up while users flee scene appeared first on AMBCrypto.

2019-4-28 23:30


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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

2019-4-27 01:30


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Lambo, Land Rovers taken during $22M ICO fraud investigation

In Canada, authorities have seized luxury cars and frozen bank accounts owned by the ringleaders of FUEL, an allegedly fraudulent $22-million initial coin offering (ICO) from 2017. Court documents claim “blockchain services company” Vanbex raised $22 million (CAD$30 million) in cryptocurrency and fiat by with absolutely no intention to develop the FUEL token, reports CoinDesk.

2019-4-1 17:04